China's Ministry of Industry and Information Technology Rank Steem #2 Blockchain Globally
Interesting point of this is that Ethereum was ranked #1 while Bitcoin was #13.
I have no doubt this is politically motivated coming from the Chinese government, but I found it most interesting that Steem was ranked #2, given its "relative" obscurity (read: flying under mainstream radar for the most part).
Any news organization would be wise to keep something like Steem away from their readers since its is a direct competitor to their business model, particularly if the @steemitblog roadmap comes to fruiting with Social Media Tokens on the horizon.
Admittedly, I didn't research the underlying methodology of this analysis, beyond their index rankings of Technology, Innovation, and Application, which are all relatively self-explanatory. I see Bitcoin as far more disruptive of a technology since it births the possibility for all the others to thrive. A Bitcoin is a far more dangerous technology to the power structure of the Chinese government than Ethereum, in my opinion. Perhaps they underestimate the potential of censorship-resistant news propagation to their citizens as well?
English language article from CCN was not too pleased with the ranking of Bitcoin so low, or Ethereum at #1. They took special umbrage with Steemit being ranked #2, making the following assertion:
...Steem is not a base layer blockchain technology that can be used to create decentralized applications. Steem is a content distribution platform based on the blockchain with a primary purpose of distributing content. Essentially, Steem is like Reddit based on the decentralized blockchain.
I really hate it when journalists don't do their due diligence. Whatever.
My response:
So what are YOUR thoughts on these rankings? Steem deserves #2? Why didn't BitConnect make the list? Hmmmm....
image via Starbase.co
Curated for #informationwar (by @wakeupnd)
Relevance: Questioning know liars AKA government.
You got a 25.44% upvote from @upmewhale courtesy of @blakemiles84!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
Maybe they see Steemit as a good idea to put social media on the blockchain but they aren't very worried about Steem because 90% of the steem power is held by only a 100 or so users. The sharing of information on steemit is decentralized but rewarding folks that share that information is very centralized. It's still way better than Facebook or Twitter.
Congratulations @blakemiles84! You have received a personal award!
_Click on the badge to view your Board of Honor.
Congratulations @blakemiles84! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Quarter Finals - Day 1
Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes